Bangkok:
Philippines insurance commissioner (IC) Dennis B. Funa has been reelected as the chairperson of Asian Reinsurance Corp. (Asian Re) and will hold the position for two more years.
Funa's previous term ended on June 10
“I am deeply honored to have been reelected as chairperson of Asian Re. The trust and confidence reposed upon me by the Council of Members have been truly overwhelming and inspiring. I look forward to working closely with the other members of the council in realizing Asian Re’s objectives,” . Funa said.
The IC said in a press release on Monday that Funa will continue to chair the regional reinsurance firm for two years starting this month until 2023. .The IC chief started his previous term as chairman of Asian Re’s Management board on June 28, 2019, which followed a two-year stint as vice- chairperson.
Bangkok headquarted Asian Re, set up in 1977 ,is a professional reinsurer owned by 10 governments in Asia-Pacific called the Council of Members, namely the Philippines, Afghanistan, Bangladesh, Bhutan, China, India, Iran, South Korea, Sri Lanka, and Thailand.
Its management board is comprised of a chairman and vice-chairman who represent the Council of Members, as well as a president and an executive vice-president.
The board meets at least three times each year or every quarter.
Asian Re was established in following an agreement signed by seven countries